Due to the high demand of high quality rice from international market, offers of export price were up on 5% and 10% broken rice but almost unchanged from last week on 15% and 25%. According to traders, Vietnam is dealing with Iraqi market on both conventional trade (selling through traders) and attending government tender.
Local paddy prices were continuing up VND300-350/kg in about a month, reaching VND2,450-2,500/kg, and up VND100/kg compared with last week. This because of the high demand from exporters. Exchange rate was $1 to VND15,970 as of May 19, 2006, VND10 down compare with last week.